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Fallin Vetoes High-Interest Loan Bill Pushed by National Payday Lenders

Fallin Vetoes High-Interest Loan Bill Pushed by National Payday Lenders Gov. Mary Fallin vetoed a bill on Friday that could have produced that loan by having a 204 % interest rate that is annual. Inside her veto message, Fallin published that the balance, which reflects a nationwide push from the payday financing industry for similar legislation, would develop a high-interest…

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